Joe Dimola Joe Dimola is a VP at JLL.

Industrial assets have become the most sought-after product type in Los Angeles. With a largely vintage building stock, however, and little space for new development, there are few institutional-quality properties for investment. That obstacle hasn’t stopped institutional investors from being active players in the market. Instead, a new trend has emerged where institutions are paying top-dollar to owner-users for their properties, which are now becoming institutionalized.